Originally Posted by
notEnuf
Your notes are 100% correct. I did not intend to create a ledger.
The $10B is total debt reduction since 2009.
The list following is an abbreviated statement of cash flows if you prefer. I was not intending for the total to be $10B but if you add them up its close and I can see how that could be read as you saw it. The ongoing use of cash is evidence of the ability to afford a restorative contract without concessions.
Good to know there are accountants challenging and vetting this information. If you want to help explain the ancillary revenues and how their growth is captured in profit sharing and not in pay rates that would be great. The 10Q from the June quarter has all the info, 22% growth YOY. The truth only affirms our case, Thanks.
FTB thank you as well.
No worries, my friend. My hope is that both DAL and UAL can keep their liabilities paid off and move forward towards record pilot contracts.
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